Jenita , the ASX monitors 'relative' price movements and volume changes and issues so called 'speeding tickets' when unusual trading occurs.
HDG/O have at least doubled in price and quadrupled in daily volume over a short period. This would usually result in the ASX issueing a speeding ticket , irrespective of how 'tightly held' a stock is.
Had yesterday not been a bloodbath across the market , and HDG traded up to 50c , I suspect the ASX would have intervened ,,, in a way , the market action yesterday has probably helped HDG as they are unlikely to welcome a 'please explain' from the ASX at this point.
May I ask where you see this stock going short term?
Cheers SALTY
HDG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held